My spouse and I are considering filing our taxes separately this year. We have children and I’m wondering how this will affect our child tax credit eligibility.
Can anyone shed some light on the rules for married filing separately and the child tax credit? Any advice would be greatly appreciated!
Since I’m in a similar circumstance to yours (without the debt from law school), I’m interested in hearing other people’s opinions.
Edit: I think the child must reside equally with both parents for the parent with the higher AGI to be eligible for the child tax credit, but I’m not sure that’s the case.